Nigeria’s Central Bank, CBN said it will sell at least USD100 million at today’s Forex auction market. The sales are part of the effort of the CBN to improve USD liquidity in Nigeria’s financial markets which has seen a recovery in Forex availability. The CBN in a note to commercial […]
The Lagos State Government has announced plans to train about 12000 final year students of tertiary institutions in the State with the right skills to add value to the society. It stated that the scheme is designed to help the student imbibe entrepreneurship and employability initiative. Taggedc ‘Ready. Set. Work’ […]
The National Bureau of Statistics (NBS) says that Nigeria’s inflation dropped to 16.25 per cent in May from 17.24 per cent in April. This was contained in the NBS’ “Consumer Price Index (CPI) May 2017’’ report which also confirmed the fourth consecutive decline in the rate of inflation since January. […]
The Joint Admissions and Matriculation Board (JAMB) has blacklisted 48 Computer-Based Test (CBT) centres over their involvement in extortion and organised examination malpractices during the 2017 Unified Tertiary Matriculation Examination (UTME). JAMB’s Registrar, Prof. Is-haq Oloyede, made this known in Abuja at a news conference at the end of an […]
In a bid to further sanitize the financial sector, the Economic and Financial Crimes Commission, EFCC has charged compliance officers of banks in the zone which comprises Edo, Delta, Ondo and Anambra states to collaborate with the EFCC in tackling economic and Financial crimes. At the inaugural meeting with the […]
Nigeria’s acting President Yemi Osinbajo has signed the 2017 budget almost four weeks after the National Assembly transmitted the appropriation bill to the presidency. At the signing ceremony witnessed by principal officers of the National Assembly, led by the Senate President, Bukola Saraki, Osinbajo declared that the NGN7.44trillion budget will […]
The Nigerian Communications Commission (NCC), for the second consecutive year, won the European Society for Quality Research (ESQR) award at the ESQR’s Quality Achievements Awards 2017 Convention in London. The Commission walked away winners in the Platinum category award for Quality Achievements 2017, were delighted to win an award which […]
In preparation for Nigeria’s diaspora bond sale, Bank of America Merrill Lynch and Standard Bank have been appointed as advisers to lead the bond sale roadshow. A statement by Nigeria’s debt management office, the roadshow will start on the 13th of June to target countries such as Britain, Switzerland and […]
Kwara State Internal Revenue Service (KWIRS) has announced that it generated about NGN6.6 billion in the first quarter of 2017. Executive Chairman of the agency, Dr. Murital Awodun disclosed just as he said the agency had raked in NGN6.6 billion from taxes collected for first quarter of 2017. In his […]
Nigeria’s domestic debt is piling up very fast. However, in the midst of its worst recession in 20 years, it is expected that borrowing will rise. As at March this year, Nigeria’s national debt has risen to NGN19.15 trillion from NGN17.36 trillion it was in December 2016, In essence, Nigeria […]